From Valentine's Day To Aliens: 5 Weird Insurance Types You Didn't Know About

What comes to your mind when you think about insurance? Life insurance, travel insurance or health insurance are some of the common thoughts that are expected to cross your mind, right?

That is exactly why you are set to get surprised by many other weird insurance types that have existed in the world.

From valentine's day insurance to death by laughter insurance, these are some of the unusual insurance types that have existed in some countries across the globe.

5 Weird insurance Types You Didn't Know About

1.Valentine¡¯s day insurance

Valentine's Insurance/shutterstock

We all know that Valentine¡¯s day is a celebration of love. But an insurance for valentine¡¯s day? That's a concept that existed in Japan. According to Japanese custom, women are typically required to give chocolates to the people they like. Naturally, as a sign of love from that special woman, Japanese men look forward to receiving chocolates at their door on Valentine's Day, or whenever they happen to be.

Sadly, not everyone has a valentine, and hence not every Japanese man receives chocolates or any other gift on valentine¡¯s day, which can certainly be disheartening and even disastrous if so many other men are receiving it, not you.

The Japanese were determined to solve precisely that. Thus, they devised the idea for Valentine's Day insurance!

The concept was fairly simple, though it's unclear when the service had started. The Japanese guy needs to buy the ?500 ($5.50) policy and give the delivery address for their Valentine's Day gift. They will receive a package on February 14th, providing them with a pleasant experience after taking out this insurance policy. Typically, the package includes chocolates and a heartfelt note from a self-described stunning woman. That being said, it's unclear if the idea is still in place.

2.Body part insurance

cristiano ronaldo insurance legs/ultimateperformance

Priyanka Chopra, Cristiano Ronaldo and John Abraham are among the stars who have taken this insurance. Numerous performers, musicians, and other celebrities are well-known for a particular body part. Because of this, a lot of people tend to purchase insurance policies that will pay out large sums of money in the event that their most notable feature is damaged.

3.Wedding insurance

wedding insurance/istock

Wedding insurance mainly guards against monetary losses in the event that you have to postpone the event because of a personal tragedy, such as a death in the family, or a natural disaster.

Liability protection, which guards against inclement weather, accidents, and injuries, is another feature of this policy. If the location or caterer does not already have it, it also includes alcohol liability protection. A couple's honeymoon cancellation may also be covered by certain policies.

Also Read: Why Life Insurance Premiums Are Cheaper For Women

4.Alien abduction insurance

Alien insurance/Unsplash

You might be able to obtain an insurance policy that protects you from being abducted by aliens or from UFOs if you're terrified of having a close encounter of the third kind. In Europe, it appears to be fairly well-liked. To get your damages back, you'll need to provide evidence that the flying saucer and the little green men who prodded and poked you were real, regardless of whether the policy is satire or not.

5.Lottery insurance

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Let's say you run a small company and several of your colleagues and staff joined a lottery. After hitting the lottery and taking their millions in winnings, they all abruptly quit, telling you to shove your job and go find something better to do with your life. Companies can purchase what is known as a "lottery" insurance policy, protecting against financial losses resulting from a loss in productivity and the costs to interview, rehire, hire temp workers, etc., just in case this happens and your staff goes all in on you.

Also Read; How Gear Type Affects Car Insurance Premium

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